XRP Lawyer John Deaton Lashes Out At Sen Elizabeth Warren & SEC Chair Gary Gensler

John Deaton, an attorney representing 75K XRP holders, condemns Senator Elizabeth Warren and SEC Chair Gary Gensler of corruption and malfeasance. Deaton earlier accused Senator Warren of misconduct due to violating her oath of the U.S. Securities and Exchange Commission (SEC) oversight and scapegoated crypto for her failures.

John Deaton Blames Sen Elizabeth Warren

The crypto community backlash against Senator Elizabeth Warren for introducing a bipartisan bill to kill crypto, which continues to draw support from other senators. The Digital Asset Anti-Money Laundering Act aims to close loopholes and combat money laundering, ransomware attacks, sanctions evasion, drug trafficking, elder fraud, and other illicit financial activities in crypto.

John Deaton has expressed concerns about the timing and senators supporting the crypto bill. Despite Warren’s bills have never been passed, it has come at a time when crypto market bulls push crypto prices higher.

Deaton on November 12 said Senator Elizabeth Warren has ignored the corruption and malfeasance of the U.S. SEC amid a desire to expand government overreach. The crypto crackdown efforts of Warren and Gary Gensler have affected investors.

“As long as her pal Gary Gensler does her bidding related to crypto, she turns a blind eye to real corruption, he added. He believes there have always been personal reasons behind the intentional failure to oversight the SEC.

Also Read: XRP Struggles As Whale Shifts 26 Mln XRP To Bitstamp, Nosedive Below $0.61?

Warren’s Attacks Against Crypto

Senator Elizabeth Warren continued to scapegoat crypto for bank failures, terrorism financing, and others. Early this year, Warren blamed crypto for bank failures and has a potential role in Operation Choke Point 2.0.

Senator Warren has failed to address crucial concerns within the crypto industry. She even blamed crypto for the Israel-Hamas Conflict and tried cutting ties between crypto and the Wall Street

Also Read: Cathie Wood’s Ark Invest Sells $2M Coinbase & $13M GBTC Shares, Buys Meta

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Varinder has 10 years of experience in the Fintech sector, with over 5 years dedicated to blockchain, crypto, and Web3 developments. Being a technology enthusiast and analytical thinker, he has shared his knowledge of disruptive technologies in over 5000+ news, articles, and papers. With CoinGape Media, Varinder believes in the huge potential of these innovative future technologies. He is currently covering all the latest updates and developments in the crypto industry.

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.